RCW 31.20.060
Members power to loan funds to corporation.
Any member, as set forth in RCW 31.20.070, shall have power and authority to loan any of their funds to any development credit corporation of which they are a member, subject to the restrictions as set forth in RCW 31.20.080, notwithstanding any laws to the contrary pertaining to such member.
[ 1959 c 213 § 6.]
Structure Revised Code of Washington
Title 31 - Miscellaneous Loan Agencies
Chapter 31.20 - Development Credit Corporations.
31.20.010 - Creation under general corporation laws authorized.
31.20.020 - Purposes specified.
31.20.040 - Minimum capital stock.
31.20.050 - Board of directors.
31.20.060 - Members power to loan funds to corporation.
31.20.070 - Members of corporation enumerated.
31.20.080 - Members duty to loan funds to corporation—Maximum limits—Proration of calls.
31.20.090 - Withdrawal from membership.
31.20.100 - Surplus reserve required.
31.20.110 - Funds to be deposited in designated depository.
31.20.120 - Money deposits prohibited.
31.20.130 - Publication of annual statement of assets and liabilities.